Axiom 2014 Annual Report - page 105

Notes to the Financial Statements
for the year ended 30 September 2014
103
2014 Annual Report
16. Share capital (continued)
b. Options
Details of the movements in options are as follows:
Grant
Date
Expiry
Date
No. of
options
outstanding
as at
1/10/2013
Exercise
Price
Granted
during the
year
Exercised
during the
period
Expired
during the
year
No. of
options
outstanding
as at
30/09/2014
Bergen agreement 02/04/12 02/10/14 10,000,000 0.0300
10,000,000
Consultants
16/04/12 20/12/13 9,000,000 0.0300
(9,000,000)
–
Consultants
24/09/12 20/12/15 2,000,000 0.0200
2,000,000
Consultants
19/10/12 30/09/14 19,230,769 0.0200
(19,229,869)
(900)
–
Option to private
placement
25/10/12 30/09/14 5,583,334 0.0300
(5,583,334)
–
Option to private
placement
25/10/12 30/10/14 8,333,333 0.0300
8,333,333
Option to private
placement
30/10/12 30/10/14 666,667 0.0300
(666,667)
–
Consultants
30/10/12 30/10/14 6,500,000 0.0300
6,500,000
Option to private
placement
04/03/13 15/02/16 25,000,000 0.0200
25,000,000
Consultants
04/03/13 15/02/16 10,000,000 0.0200
10,000,000
Consultants
04/03/13 15/02/16 15,000,000 0.0200
15,000,000
Consultants
04/03/13 20/12/13 1,000,000 0.0200
(1,000,000)
–
Option to private
placement
06/08/13 20/12/13 30,000,000 0.0300
(30,000,000)
–
Option to private
placement
19/08/13 20/12/13 20,000,000 0.0300
(20,000,000)
–
Consultants
23/08/13 15/07/14 15,000,000 0.0150
(15,000,000)
–
Consultants
10/02/14 10/02/17
0.0187 13,250,000
13,250,000
Consultants
11/02/14 30/11/14
0.0170 16,000,000
16,000,000
Option to private
placement
10/04/14 31/03/15
0.0200 377,542,873
377,542,873
Consultants
10/04/14 30/06/14
0.0140 15,000,000 (15,000,000)
–
Consultants
10/04/14 31/03/15
0.0200 10,000,000
10,000,000
Consultants
10/04/14 31/03/15
0.0200 4,500,000
4,500,000
Option to Private
placement
26/06/14 30/09/14
0.0200 30,713,890 (22,938,890)
(7,775,000)
–
Option to Private
placement
08/09/14 30/11/14
0.0200 83,333,339 (5,345,000)
77,988,339
Option to Private
Placement
08/09/14 30/11/14
0.0200 11,065,500
11,065,500
177,314,103 
561,405,602 (77,513,759) (74,025,901) 587,180,045
The fair value of option granted is measured using Black-Scholes option pricing model based on various assumptions on
volatility, option life, dividend yield and annual risk-free interest rate, excluding the impact of any non-market vesting
conditions, which generally represent the best estimate of the fair values of the share options at date of grant.
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